January 27, 2011 - Front Section
Hughes Entertainment, Inc, dba LaserCraze signed a 18,000 s/f lease at 15 Presidential Way with Agilitron, LLC. Alan Ringuette from The Stubblebine Company represented the tenant, while David Stubblebine and James Stubblebine of The Stubblebine Company represented the landlord in the transaction.
According to Ringuette, "15 Presidential Way was selected due to its close proximity to the intersection of I-93 and I-128. We expect them to do extremely well at this location." Greg Hughes, principal of LaserCraze, expects this second location to be up and running by early spring.
In a separate recent transaction, Stubblebine sold 15 Presidential Way, a 79,900 s/f first class Flex/Industrial building situated on 6.64 acres, to the principal of Agilitron, LLC for $4.5 million. David Stubblebine and James Stubblebine represented Agilitron, LLC, the buyer and Brian McKenzie from Richards Barry Joyce & Partners represented the seller, Ames Realty Trust.
LaserCraze of North Andover, Massachusetts, is New England's newest and largest laser-tag entertainment and fun center with the most advanced laser-tag system in the world played in the most state-of-the-art multi-level arena in New England.
Agilitron is an innovator and manufacturer of photonic products for optical communication, sensor, security, medical/environmental, instrumentation, aerospace, and defense applications.
The Stubblebine Company/CORFAC International specializes in the lease and sale of large industrial and flex properties throughout New England.